Maximize your charitable contribution deductions with comprehensive guides on qualified organizations, donation rules, recordkeeping requirements, and noncash donation valuation.
Navigate the rules for charitable contribution deductions including qualified organizations, donation limits, recordkeeping requirements, and noncash donation valuation.
Qualified charitable organizations, AGI limitations (60%, 30%, 20%), carryforward rules, quid pro quo donations, and vehicle donation rules.
Fair market value guide for commonly donated items including clothing, furniture, electronics, and household goods. Determine proper valuations for your donations.
Documentation requirements, contemporaneous written acknowledgment rules, appraisal requirements for donations over $5,000, and Form 8283.
$250+ Donations: Written acknowledgment from the charity required—canceled checks alone are not sufficient.
State Tax Credits: If you receive a state tax credit for a donation (e.g., private school scholarships), your federal charitable deduction is reduced.
Charitable giving strategies can vary based on your income and tax situation. Schedule a consultation for personalized advice.